US EditionTrump and Xi land in Busan for highly anticipated meeting over trade and tariffs
Trump and Xi reached a preliminary consensus to reduce tariffs from 57% to 47% and discussed easing export controls on rare earth minerals, officials said.
- On Oct. 30, 2025, U.S. President Donald Trump met Chinese President Xi Jinping in Busan, South Korea, on the sidelines of the Asia-Pacific Economic Cooperation summit at 11am local time, seeking a fragile trade truce.
- China's tightened export rules and U.S. tariff threats, including a 100% import tax, prompted the trade war's resurgence this month, driven by rare-earth mineral disputes.
- The leaders met for just over 100 minutes, including a handshake and brief private exchange, while Xi read prepared remarks emphasizing willingness to work together despite differences.
- Investors welcomed the outcome as the U.S. stock market climbed on hopes for a trade framework, while officials reported an extended truce on steeper tariff increases and fentanyl precursor controls.
- With a November 10 deadline looming, Scott Bessent, U.S. Treasury Secretary, said Beijing agreed to delay rare-earth controls for a year and revive purchases of U.S. soybeans.
404 Articles
404 Articles
Trump Secures Fentanyl Crackdown, Tariff Cuts, and Rare Earth Deal with China
For years, China has waged an undeclared war against America through economic manipulation and the deliberate poisoning of our communities with fentanyl. While previous administrations... The post Trump Secures Fentanyl Crackdown, Tariff Cuts, and Rare Earth Deal with China appeared first on Patriot Journal.
Behind the Handshake: The Real Deal on US-China Trade
U. S. President Donald Trump and Chinese President Xi Jinping agreed to reduce tensions in their trade war by modifying some tariffs and export controls. The deal, reached during a meeting in Busan, South Korea, allows for a pause in China’s new restrictions on rare earth minerals and magnets, while China will resume buying American […] The post Behind the Handshake: The Real Deal on US-China Trade appeared first on Modern Diplomacy.
What the Trump-Xi meeting means for US-China relations
In this Quick Take, Ian Bremmer weighs in on the Trump-Xi meeting in South Korea calling it “a truce, not a breakthrough.”He explains, “It stabilizes the relationship… it brings us closer back to where we were before.” Key agreements include a one-year suspension of recent Chinese restrictions on rare earths, lowered tariffs, and renewed US soybean purchases. But Ian notes that “there is still very much a movement longer term towards decoupling,…
Trump-Xi talks will not have changed the priorities of the Chinese government
China’s president, Xi Jinping, has met with his American counterpart, Donald Trump, for their first face-to-face talks in six years. Trump emerged from the meeting in South Korea in a buoyant mood, describing it as a 12 on a scale of one to ten. He is now saying the US will lower tariffs on Chinese imports, with Beijing giving the US better access to rare earths in return. The Chinese government’s response was, in comparison, relatively muted. I…
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